J. P. Morgan created the first billion-dollar corporation by combining three large steel companies.
- J.P. Morgan played a vital role when he gained control of industries like railroads.
- Morgan helped in saving the American economy from financial problems.
- He purchased stock in troubled companies during difficult times in the country.
- J.P. Morgan began to invest in the steel industry and chose to join with Carnegie steel.
- He was able to merge companies in 1901 and form the United States Steel Corporation.
- He also financed industrial organisations that formed General Electric corporations, the United States Steel and International Harvester.
Thus option D) J. P. Morgan is the correct answer.
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